By William Gullotti
Buffalo, N.Y., April 24 – Bank of Montreal priced $1.07 million of 0% contingent risk absolute return barrier notes due April 17, 2029 linked to the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
If the index finishes above the initial level, the payout at maturity will be par plus the index gain, subject to a maximum return of par plus 74.9%.
If the index declines by no more than 50%, the payout will be par plus the absolute value of the index return.
Otherwise, investors will lose 1% for each 1% that the index’s final level is less than its initial level.
BMO Capital Markets Corp. is the agent.
| Issuer: | Bank of Montreal
|
| Issue: | Contingent risk absolute return barrier notes
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| Underlying index: | Nasdaq-100 index
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| Amount: | $1.07 million
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| Maturity: | April 17, 2029
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| Coupon: | 0%
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| Price: | Par
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| Payout at maturity: | Par plus any index gain, capped at par plus 74.9%; if index declines but finishes at or above the 50% barrier, par plus absolute value of the return; otherwise, 1% loss per 1% decline from initial level
|
| Initial level: | 18,003.49
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| Barrier level: | 9,001.75; 50% of initial level
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| Pricing date: | April 12
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| Settlement date: | April 17
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| Agent: | BMO Capital Markets Corp.
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| Fees: | 1%
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| Cusip: | 06376ADG2
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